Lifestyle
Amazon pours US$2.1 billion into contract delivery, lifting wages
AMAZON.COM plans to spend an additional US$2.1 billion on its contract delivery programme, including safety programmes, training and additional pay for the contracting firms.The company said it expects the...
Oracle sees US$104 billion sales in fiscal 2029 on cloud expansion
ORACLE said annual revenue will rise to at least US$104 billion in fiscal 2029, an optimistic signal on the growth prospects of the software maker’s cloud infrastructure business.Executive vice-president...
The true cost of downtime: Businesses risk losing over $200 million annually in revenue, and customer trust
DID you know that a single downtime event can sink your stock price by up to 9 per cent, taking nearly three months to recover? Or that your top...
Local F&B brands buckle down as new entrants take a bite out of bottom line
The rising competition also seen to bring new opportunities for incumbents and new playersLOCAL food and beverage (F&B) operators are facing increasing pressure from a flood of new entrants...
FDA authorises first OTC hearing aid software to be used in Apple’s AirPods Pro
THE US Food and Drug Administration (FDA) on Thursday (Sep 12) authorised the first over-the-counter (OTC) hearing aid software that is intended to be used with compatible versions of...
Euro gains as ECB’s Lagarde pushes back on October rate cut
The euro rose against the US dollar on Thursday (Sep 12) after European Central Bank (ECB) president Christine Lagarde dampened expectations for an interest rate cut next month and...
Mastercard to buy cyber-defence company for US$2.65 billion
MASTERCARD agreed to buy a cyber-defence company Recorded Future for about US$2.7 billion to boost its ability to protect the card company’s massive global payments system.The purchase will expand...
US: Wall St opens muted after hot PPI keeps smaller rate cut in view
Wall Street’s main indexes were subdued at the open on Thursday (Sep 12) as a hot producer prices reading kept a smaller 25-basis point interest rate cut by the...
CEO of CLI’s private equity real estate, Simon Treacy, to step down on Oct 31
SIMON Treacy, chief executive officer of private equity real estate at CapitaLand Investment (CLI), will be stepping down from his role effective Oct 31 for “personal reasons”.CLI’s group CEO,...
Yangzijiang Shipbuilding to buy 34% stake in Japanese shipbuilder’s unit for 833.1 million yuan
MAINBOARD-LISTED Yangzijiang Shipbuilding is acquiring a 34 per cent stake in a wholly owned subsidiary of Japanese shipyard Tsuneishi Group for a consideration of 833.1 million yuan (S$158.3 million).Announcing...